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HomeNEWSFuel prices could rise again due to Israel-Hamas war, Gachagua

Fuel prices could rise again due to Israel-Hamas war, Gachagua

Fuel costs could rise even more as a result of the confrontation between Israel and the Palestinian organization Hamas, according to deputy president Rigathi Gachagua.

Speaking on Saturday at a gathering with professionals and leaders from Mount Kenya, Gachagua warned that if the fighting persists on, Kenyans and others may have to spend more money on fuel.

Restoring fuel subsidies, according to Gachagua, would mean raising taxes on Kenyans, and he defended the government against such demands.

In Nairobi, the retail price of a litre of gasoline is currently Ksh217.36, diesel is Ksh205.47, and kerosene is Ksh205.06.

The Energy and Petroleum Regulatory Authority (EPRA) declared a hike in fuel prices on October 14.

The EPRA released a statement announcing that the modified prices of fuel, kerosene, and super petrol had increased by Ksh4.48, Ksh5.72, and Ksh2.45 per liter, respectively.

The most recent price change comes after the government stabilized the market in an attempt to help Kenyans who are already having a hard time getting by during these hard times.

If not for the stabilization, which would be financed by the Petroleum Development Levy (PDL), the costs of gasoline would have climbed by Ksh8.79 for a litre of petrol, Ksh16.12 for diesel, and Ksh12.05 for a litre of kerosene, according to EPRA.

Hamas war

Israel claims that the attack on a mosque in Jenin, West Bank, on Saturday, October 21, 2023, was carried out by Hamas or members of Islamic Jihad.

According to Al Jazeera, around 540 Bedouin Palestinians have been evicted from their homes in the occupied West Bank since the Hamas attacks on October 7.

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